HR & Education
Hong Kong to establish Academy of Finance by 2019
HKMA hopes it can serve as a hub for monetary and financial research.
Over three fourths of Hong Kong bosses willing to regularise temps
Permanent contracts await top-performing contractual employees.
Registered local companies hit 1.41 million in June
There were a total of 85,449 new company registrations in the first half of the year.
Hong Kong may turn overseas to scout big data talent
Candidates familiar with open source programming languages are expected to be in hot demand.
Nearly a fourth of bosses believe the Belt & Road Initiative would raise finance salaries
Several large-scale infra projects will drive up demand for such talent.
Workers rejoice: average wage rate up 1.2% in March
Payroll per person also inched up 1.3%.
Singapore is cheaper for expats than Hong Kong
A liter of gasoline, unleaded 95 octane costs the most in Hong Kong at $15 (US$2).
F&B sector remains hardest hit by private sector vacancies in March
There were a total of 12,030 vacancies.
Hong Kong firms may shell out extra $40,539 per skilled worker to avoid losing talent
Workers are more inclined to stay amidst hefty paychecks.
Unemployment flat at 2.8% in March-May
This translates to 112,300 unemployed persons.
One in five employers to hire staff in 3Q18
There is shortage of employees in healthcare, construction, and transport.
A fifth of employees are unhappy with their jobs
About one in three believe that they are not well-trained for the digital economy.
Civil service workers to enjoy pay rise for 2018-19
Employees in the upper band and directorate will enjoy 4.06% higher wages.
Weakening dollar is making Hong Kong cheaper for expats
Tokyo, Seoul and Shanghai have overtaken the city in cost of living rankings.
Bosses willing to hike salaries by 7.5% for top financial talent
Finance managers in the 95th percentile can enjoy as much as $720,000 yearly.
Hong Kong's gender pay gap gets worse with age
Women in their 30s earn 11% less whilst those in their 50s earn 25% less than men.
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